| Could you be paying off your own home? |
It's easy: The first step is the loan re-payment. Even though different lenders have their own
criteria, you should not look to take on more debt thn you can comfortably afford. Look at what you can re-pay easily, so you can manage your
loan on a long-term basis.
Here is an example of what mortgage your weekly payments will buy you (at a 30-year rate of just under 8%):
Weekly rent of $130 equals a mortgage of $77,000
Weekly rent of $150 equals a mortgage of $99,000
Weekly rent of $170 equals a mortgage of $100,000
Weekly rent of $190 equals a mortgage of $112,000
Weekly rent of $210 equals a mortgage of $124,000
Weekly rent of $230 equals a mortgage of $136,000
These figures are indicative only, and we will give you an up-to-date quote once you are ready, but you can see
that for appr. every $10 per week, you will be able to re-pay an additional $6,000 of mortgage. We need to discuss the bigger picture, and I will help you
to figure out how much deposit you can afford.
All across the Bay of Plenty and the Waikato, I will meet with you to factor in all those "other costs" that go with owning
a home. I will tell you how a lender will look at your application, and how much of your income it will take to comfortably
put you into your own home!
Once we have worked out these details with you, I will put a proposal before the lenders in your area. The idea is to end
up with a pre-approval so you can look for your desired home as if you were a cash buyer! You will know exactly how much
money you will have available to make an instant purchase offer.
Consider the time and effort saved by dealing with just one
person and not have to do any of the paper shuffling on your own!
A couple looking to purchase their own home will get a different answer from each of the many lenders in the area. Why deal with that
confusion rather than getting the best deal right up front?
By visiting one office and dealing with only one person, you get access to a large variety of lenders. This means you not only select
the best loan criteria but also you can also select a variety of other terms to your liking: Early/lump-sum pay-off allowances,
linking the loan to a cheque book, having telephone/internet access, etc. That's what we are here for: To scout out the
best deal for you!
Pre-Approval
We are here to help
| C H E C K U S O U T | |
| Bay Mortgage Brokers Ltd 9 Prince Ave/Vogue House PO Box 4603 Mount Maunganui Phone: (07) 575-0344 Mobile: (025) 288-7008 Fax: (07) 575-0388 Click to E-mail! |
|
| I D E L I V E R Y O U R M O R T G A G E | |
|
|
|
|
I will use my contacts among all the lenders in the Bay of Plenty to bring you
the best mortgage for your needs. Whether that will be with your existing bank, or
with any of the several other mortgage lenders in town. I will help you with all of
your paperwork, and I will meet with you after hours at your house, if you like. Call me at: (07) 575-0344 |
|
| C U R R E N T R A T E S | |
| You will know that rates vary quite a bit between different lenders. Rates also depend on other factors, such as the downpayment, length of the term, etc. For a current rate update, e-mail me. | |
| |
| T H I S W E E K' S F A M I L Y | |
|
Welcome Bay: They wanted to purchase a property for $160,000.
They had enough cash for deposit of $32,000 and needed to borrow $128,000 from a lender to buy their
dream home. 4 different lenders required 4 different incomes for them to qualify: $33,000, $35,000, $37,000 and $38,000. You can see how confusing this can get. How do you pick? Who's the best lender? Well, we worked it out right, and they purchased their home, with pre-approval, on the day of the auction. | |
